Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Utah
UTPCEPCGONPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,921.00
Year-over-Year Change
75.19%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on services provided by nonprofit institutions serving households in Utah. It's a key indicator of consumer demand and economic activity in the state.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Utah metric tracks spending on services delivered by nonprofit organizations in the state. This provides insight into consumer behavior and the overall health of Utah's economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and economic modeling.
Historical Context
Policymakers and analysts use this metric to understand consumer trends and the role of the nonprofit sector in Utah's economy.
Key Facts
- Utah's per capita personal consumption expenditures on nonprofit services were $2,984 in 2021.
- Spending on nonprofit services accounts for 3.2% of total personal consumption in Utah.
- The nonprofit sector contributed $12.3 billion to Utah's gross state product in 2021.
FAQs
Q: What does this economic trend measure?
A: This metric tracks per capita personal consumption expenditures on services provided by nonprofit institutions serving households in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: The trend provides insight into consumer demand and the role of the nonprofit sector in Utah's economy, which is useful for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and economic modeling.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to understand consumer behavior and the contribution of the nonprofit sector in Utah, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Utah (UTPCEPCGONPI), retrieved from FRED.